HKSFPA strongly supports the legislation of Article 23 of the Basic Law, fulfilling the constitutional responsibilities of the Special Administrative Region.
The Hong Kong Securities and Futures Professionals Association (HKSFPA) expresses its firm endorsement for the Hong Kong Special Administrative Region (SAR) to uphold its constitutional obligation by promptly finalizing the legislation of Article 23 of the Basic Law.
The public consultation for this legislation is set to take place from January 30 to February 28, 2024. Safeguarding national security is a fundamental goal of the "One Country, Two Systems" framework, representing a constitutional duty of the Hong Kong SAR government that is vital for the region's stability. It is imperative for the SAR government to accelerate the legislative process to address gaps in national security. Ensuring national security is paramount for any nation, as it underpins national survival and progress. Only with national security and societal stability can reform and development flourish. National security is essential for the protection of citizens and is a cornerstone for societal prosperity and stability. As a part of the People's Republic of China, the Hong Kong SAR is expected to comply with national security standards. The HKSFPA believes that legislating Article 23 will improve the business environment and have a positive and enduring effect on Hong Kong's economic growth. We strongly advocate for the swift passage of Article 23 legislation.
The HKSFPA calls upon all sectors to robustly support the SAR government's efforts to enact Article 23 legislation, trusting that during the consultation period the government will thoroughly consider public input, foster societal consensus, and create a legal framework that upholds "One Country, Two Systems" for ongoing prosperity and stability, ensuring the welfare of Hong Kong residents and national security.
Hong Kong Securities and Futures Professionals Association
